WebJul 12, 2024 · The Steinhoff saga cost Christo Wiese heavily – he lost his dollar-billionaire status for several years following the collapse of Steinhoff at the end of 2024 after fraud and misappropriation of funds were uncovered at the company. He had amassed wealth of $5.8 billion before the scandal broke and it took him until earlier this year, thanks to Shoprite’s … WebMar 14, 2024 · Brait, an investment holding company, is another of Wiese’s investments and owns brands such as Virgin Active, New Look, and Premier Foods. Brait, at the behest of Wiese, is currently in the process of listing Premier as a separate business on the JSE. Alongside his other investments, Wiese owns 37.57% of Invicta Holdings and 11.9% of …
Christo Wiese names Paul Roelofse to replace his son on Brait board
WebJun 4, 2024 · 3. Jacob Wiese. Jacob is the son of Christo Wiese, who lost his dollar billionaire status after the Steinhoff scandal. However, he still remains the third richest man in SA. Jacob followed in his dad’s footsteps and became a businessman. The 31-year-old works as an alternate and/or non-executive director of his dad’s companies. WebOct 3, 2024 · Retail tycoon Christo Wiese has replaced his son, Jacob Wiese, as his alternate on the board of investment holding company Brait, with the former head of … cross stitch shop in michigan
How South Africa’s Christo Wiese Sued His Way Back Into The
WebJun 27, 2012 · Well, meet Christo Wiese. The 70-year-old is South Africa's third richest person, worth $3.1 billion thanks to his shares in the African continent's biggest retailer, … WebJan 11, 2024 · Markus Jooste and Christo Wiese have been friends and business partners for years, but papers recently filed in court show that those bridges have definitely been burnt. ... The story began almost exactly a year before, in December 2016, when Mayfair, represented by Jooste’s son-in-law Stefan Potgieter, and Absa concluded a financing ... WebMar 25, 2024 · Once one of the richest men in South Africa, Christo Wiese lost a large chunk of his fortune following the corporate fraud at Steinhoff.The company was a hugely popular stock with investors, with thousands (including Wiese) losing out.Wiese joined the BizNews Power Hour for a special 30 minute segment, with the SA business mogul … build alice